Best Retail Properties 10-08-08

1. Retail Building in Oakland, CA: 21,784 SF 3-tenant retail building leased to Walgreen’s Pharmacy, Restaurant and Liquor Store on .8 acre lot located at busy MacArthur Blvd close to Hwy-580. 100% leased. NOI $261K/yr. $3.795M. 6.9% Cap.
   § Great upside potential: Walgreen’s lease expiring soon, however they plan to renew the lease.
   § Tenants paying some expenses
   § Only $172 per SF
2. Day Care Center in Flower Mound, TX: 8500 SF Day Care Center on 1.93 acre lot built in 2003 near I-77 in growing Dallas suburb. New 20-years NNN lease. NOI $122K/yr. $1.626M. 7.5% Cap.
   § Stable tenant with 130 centers in 13 states
3. Pier 1 Imports in Tucson, AZ: 11,287 SF Pier 1 Imports retail store built in 2004 on 1.5 acres of land next to Linens ‘n Things across Macy’s and Sears. 100% NNN leased. NOI $297K/yr. $4.1M. 7.27% Cap. Buyer to assume $2.655M at 5.51%
   § Densely populated area
   § Excellent visibility to major thoroughfare
4. Hoke Crossing in Englewood, OH: 8600 SF retail center on 1.34 acres of lot anchored by Wal-Mart Supercenter off of I-70. 100% Occupancy. NNN. NOI $130K/yr. $1.628M. 8% Cap.
   § Good tenant mix: Radio Shack, Great Clips, CitiFinancial and Dental Office
   § Growing/middle-class (AHI $79K/yr) Dayton suburb
5. Miller’s Ale House in Pensacola, FL: 9600 SF Restaurant on 2.84 acres of land built in 2007 situated at hard corner between North Davis Hwy and Airport Blvd. 15-years absolute NNN lease. NOI $319K/yr. $3.8M. 8.42% Cap.
   § Corp guarantee with percentage rent
6. McAlister’s Deli I Baton Rouge, LA: 4176 SF McAlister’s Restaurant on .92 acre lot just blocks from Our Lady of the Lake Regional Medical Center close to I-10. Long NNN lease. NOI $166K/yr. $1.850M. 9% Cap.
   
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